Charlty numb•r: 263696 DODFORD CHILDREN'S FARM (FORMERLY DODFORD CHILDREN'S HOLIDAY FARM) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
DODFORD CHILDREN'S FARM CONTENTS Page Referen¢• and admlnlstratlve d•talb of the charlty, Its Trustse8 and advkor5 Trustees. report Indopèndent examlnerfs report Statement of finanGlal actlvltles Balance sheèt 10 Notss to the flnanclal statements 11-25
I)ODFORO CHILDREPI8 FARM REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustoes Graham Morgan, Chaimian Martin Lge Sue Insch sUn Nenan maare1 Shgward, 811nghaM Branch of Earty Education (British Ass¢xlatl¢)n for Earfy Childhood Education) Pippa Ward Dinah Spillane Charlty rggl¥torod number 253596 Prlnclpal ¢>fflco Warbage Lang, Dcéford, Worcestershire, B619BE Accountants Crowe U.K. LLP, Black Country House. Rounds Green Ro*J, Oldbury, West Midlands, B69 2DG Bankers CAFCASH Ltd, King's Hill, West Mailing, Kont, ME19 4TA Sollcltors Thomas Horton & Sons, Strand House, 70 The Strand, Bromsgrove Page 1
DODFORD CHILDREKS FARM TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees prgsgnt th8ir annual report toJether wth the financial $totemenl8 of Dodlord Children's Fami {the ¢harity} for the year ended 31 December 2021. The trustees have adopted the provksions of Accounb'ng and Reporting by Charities.. Statement of R0MMended PraGlice appIae to charities prgparing their accounts in accordance wrth the Fln8ncial Reporting Standard applic*lg in the UK and Rgpublic of Ireland IFRS 1021 effèctN8 1 January 20151. Obj•ctNeS and activities a. Policles and objectlve Dodford Children's Fam is a registered ¢harty, tjpen all the year round, which glves residential experiencgs and day breaks in the countryside lo disa(fvantaged children from the inner ¢ity of Birmingham. West Midlands, Slafford$hire and Worcestershire. Children under nine ye8rs of age, some wth Special needs, come erther with their school and nursery groups, or with their parenlls). The Gharity is administered by a Managemènt Committoe who report lo the Board of Trustees. The Farm k8 staffed by a resident Managgr who is a resident Staff member responsible for the animals and grounds and a eookJhou$gk8aper. These are supported by a large team of volunteers. The 8sl8blishmenl 18 8 converted farmhouse and outbuiklings In nine acrgs of delighttul counlryslde in the villa of Dodford which is siluated three rniles west of Bromsgrove in the county of WorcestershiTe. It is not a wot1(ing fam but has a number of large and small animals for the enjoyment and benefit of the chiklren who have the opportunty to participate in their care. Evoryone who is off8r8d a staylvisit at Dodford h95 to be referred to us through either a Social W0er, School, Heatth Visitor. GP, Communrty Worker or other agenw. During the year 2021 a total of 299 visitors attendod Dodford Fami. This can be broken down as follow5.' SchLs)l Residentials No.of children fr(xn Speclal Schools.. 13 {2020.' 0) NO. of children from Primary Schcol8.' 4512020.. 01 No. of ¢hlldren from Nursery Schools aTrJ Nurs8ry Centres: O {2020'. 01 Totsl No. of children.. 5812020.. 0) Total No. of aduMs.' 1012020.. 01 Day Wisits No. of ehildren: 13312020.. 120} No. of adults.. 12020. 341 Families No, ol childron.. 2412020.. 1} No. of odults.. 19 {2020. 2) Total number of visitcys.. 299 (2020: 15n Children.. 21512020: 1211 Aduhs, 8412020. 36) Publie benefft The Trustees wnfirm that Ihey have coMpld with the tJuty in section 17 of the Char(ties Act 2011 to have due regar(I to public bengfjt guidance publish8d by the Commission in detemining the adivilies undertaken by the harity. Page 2
DODFORO CHILDREN'S FARM TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Objectlves and actlvltles Icontlnuedl b. Actlvltlos undortakon to achlevo obJoctlv8S Our aim is to give children a residential expenence in a Nral setting offering them cpportunities to explore new horlzons, have the freedom to play in open spaces,. to leam lo share with others., develop communication 8kill8,' to handle and re forthe animals., and experience the outdoor8. Our staff ara ther8 to off&r help and support to the children and to ensure that a warm, secure. homgty atmosphere prevails throughout their stay. Th& Trustees, policy is to ensure that the highest quality care is proMd8d for the visitors. However, children are required by Curriculum Guidanc8 via scho)l and nursery staff to achieve go81$ by learning through first hand experiences, espeoally through outdwr play. which Insplre, excite and motivate Ihem. l of these areas of learning and eyperiences can be and are promoted through the opportunities offered lo childn at Dodford Children's Farm. After visrt evaluation by eady years, pra¢titioners, teachers. social wothers arKI parents continue to confim thè profound #nd long 188ting effect on th8 chiklren as a result of their eyp8rience8 at the fam. As the Charity does not recaiv8 any Lttal Authority grant. it 18 reliant upon donations lo offset the operating A sm811 proportion of income 1$ obtained from school$ vtho contribut8 something towards their stay. It costs some £150 for each Child for a five day residential $It. Famllies who visf( wlh their children do not have to pay for their stay. Choritable Trusts and other organisationg plgy a key role in fvnding. A further percentage of income comes from interest on inveslment. Volunteors conlinug to play a signfficant part in the operation. Apart from our group of VUnteerS drivers and helpers other organisatM$ such a8 local schwls, Churches, rotary groups and indNkdual3 generously give their tsme. sknlis. gifts and donations. Page 3
DODFORD CHILDREN'S FARM TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Achiw•m•nts and performance . Revlèw of actlvlll This year. as with the previous year 2020, hgs Seen the Pandemic dramab"cally affect Chlldren and Families visiting the Farm and grounds, equipment, administration, actwitles and fundroi$ing. Inspection8 were undertaken by the Fire Safety, eleCttaL and lighting 8xperts gnd all re¢ommendations hav8 been carried out. The sile seGurty system operates. Necessary domestic appliances have en replaced as required. Anima15 are an Integral part of the Dtsjford expgrience with donkeys, ponies. $heep, goats, pigs, rabbits, hens, guinea pigs elc continuing to give huge pleasure lo the children and other visitors. Three new pygmy goals (Dave, Sam and Vincent) arrived during 2020 although they hav8 not. as yet, mel mary visitors. Sunny and Snw our remaining donkeys are a150 hoping 2022 will see more chiklren around. The Sponsor an Animal scheme operated by Kelly has meant a wlder audience and • boo81 lo funds. Standard policies are and have bgen constantly revieNYed and the Fami is on Facebwk 1737 follcwers} and Twitter {nt)w 346}. General Data Protection Regulations and eompliance continues and the Farm r8mains compliant. The doy to day running of the Fami 1$ managed by our resident Managor, Kelly. and her staff supported by volunteers. Thanks musl 90 to Kdly and her leom for providing a stimulating, saf8 and welcoming environment for our visitors, and a180 for raising the profile of the Farm in the local community. Volunteers continue lo play a major part in our work, and wo are continumig to prowde work experience for a student from Harper Adams Agricultural Collage on three days a week. The Management Committee led by Judy Williams have been responsible for overseeing Staff and workings of the charty. Kelty and T8mmy Iwork experience student) have had to work hard to see day lo day activities continue. Volunteers have also a$si$led. axine (Cook / housekeeper) continued on furlough leave as a result of the Pandamic, and rgtumed lo work on 7th March 2022. Once visitors commenced safely reluming tho hard, routine work from as k)ng ago as March 2020 has proven to have teen worthwhlle. Wdl done, partularlY Kelly, for continued fortrtude. Throughout this period of Pandemic Judy hag continued to woth hard and véith un81inting dodicotKn with a changing band of Management Committee. We now have Jenny BarrEs 8$ Treasurer to reploce Colin Parry and she has had to gel to grips with her first year-end with tutelage from JLKly Williams. Jenny lives in the villagg as does Cathy Taylor and ,logelher with Lyndon Stokes (who grew up in DodfoTdl, they bring initiative and energy lo th8 Commiitee, not forg8tting Gontinuing hard wortgr5, J8nny Edginlon and Susan Goode. One or tsvo further MberS would be ideal. We ore Ihfjrofore grateful for the generous $LbPPOrt of Charitable Trusts and other organisgtions and indNJuals, without whh this chanty would not suNve. Groups of volunteers from companies and volunteers such a$ the Universrty of Bimiingham visit for working w88kgnds. Curo Accountants and Bamott Waddingham regularty Send stsff for volunleer days. Barratt Homes together with Man in Sheds have abo helped by doing job8 like painting and refurbishing benchos et¢ . Others have hel)od with act6vrties like donkey rides, gardeniThJ and fundraising. Donations have been received in the fomi of items or funds, including legaci88. donations instead of Christmas Cards, the proceeds from events organised. and selecting us as their Charty of the Year. Tammy land her muml together wrth Jenny have made and sold face mask8,' we have xquired and sold posters illuminating the original cha81 sewements so that funds are augmented from lime to time. Clive Evans, a volunteer driver when applicable during the year, has also donated most gf the proceeds from the Sale of hls bts)k "Fallen Rifie" lo the farm. All large and small ntribUtIOnS are very much appreciated and give us the support and encouragement to work hard lo keep Dodford Children's Fam thriving, offering our l¢xal children. di8advanlag8d by thelr SituaOn, an experien from which they wll benefrt and never forget. Page 4
DODFORD CHILDREN'S FARM TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Flnanclal r•vi•w a. GoSng concwn The trustees have considered the impact of Covia 19, and with the full lifting of reslriclions of the untry from March 2022 the charrty 1$ in a gd position to go forward and has recenty opened up to vBitors for the season. b. Flnanclal Rgport A satisfactory year of fund raising for The Dodford Chiklrgn'$ Fami wrth income for the ypar amounting to £59.70812020.' £64,357}. the reduct)n explaird by a decrease in bookings income due to Coyid 19 roslri¢tion$ in place during the year. Restricted Funds received were £6,000 (2020.. £4.0001 and these fvnd8 have been earmarked for animal care and famihouse improvgmgnls. Ggnerous donations were received from among many others, Langdale Trust, Louise Nicholson Trust, The L G Harris Tru$l, Roger and Douglas Turngr Trust, G J W Tumer TrusL SoLrth Birmingham Friend6, and The Bruce Wake Charitablo Trust. Th9$8 donation$ with many others have allowed us to rry out criii¢al repair work lo fencing, decking and bridge work together wf(h a new roof and inlemal d8coraliDn readyto wèlojme wsf(ors. We thank everyone who has raised money for us, and we hope to wntinue with our thvn initl8lNes Shortty with our Annual Day. Income from Charita)le xtNiti•s were dcwn at £4,181 (2020.. £13,718) du8 to Covid 19 restrictions in pl&e. Investment income was statlc at £5,9361£6.8371. Overall. we feel we are equpped to embr#eè the recent po$t- covid reopening and we hope that figures for 2022 will be more representative. C. Reservos Pollcy The Tru81ee8 have considered the knvgl of free re$eryes quired to be 8ble to continu? operating bul 8L80 to achVe their future obligats'ons rf voluntary income were to cease. Since 8chcK)Is book well in advance. it IB considered that free reseffts equate to beh4en tsvo- and three-years. operating costs. This should ensure that future commitments at any point in time can be fulfilled. This equates to ¢)ver £180,000. Total fund8 hekl at the year4nd were £607,410 (2020.. £632.862J. Thls consists of general endowment funds of £25.26512020.' £25,265), restricted funds of £28,917 {2020: £22,91n and unTestricted funds of £553,22812020.. £584,680). The fvnds freely available for use by the Charity at the diserellon of the trustees amount to the unrestricted fund8 $$ the Intangib and tangiblg fixed assets of £390,028 {2020.. £400.573} which at the year*nd 8tand$ at £163,200 {2020.' £184,107). Thi8 is currenlly held as fixed asset investments, but these can be easily tonverted to cash. Alihough cosls are kept to a minimum, our annual expendtture including pmjeds still amounts to some £70,000. Inevitsbly this requires considerable lime and effort directed towards fund raising and we are continually seeking further means of 8UPPOrt. Structurei governanc• and managoment . Constltutlon Dodford Children'$ Fami is registered as a charity in England. number 2535%. It is conslrtuted by Deed of Trust made In Novemb8r 1953, last amended in Maich 2013. operats.ng from Warbage Lone, Dodford. Brom8grove. WorcEslershire B619BE. Page 5
DODFORD CHILDREN'S FARM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 stru¢tur•, govèmance and m•nag•ment {contlnu•dl b. M•thods of appointm•nt or •l•¢tion of Tntstee$ New Trustees are 8ppolnted by the board of Tru8tee8. Trustee5 appoint a Management Committee lo administer the charity and members hold office for one year and are eligible for rewappointmgnt. c. Organl$allonal Structuro and dechion4naking pollcles Thg Trust Deed gives general investment powers lo the Trustees 8$ governed by ststute. Th8 Trustees appoint a Management Committee to administer the day to day affairs of th8 charity. The Managemgnt Committae, together wlh the Trustees. appoint and fix the remuneration of Staff and thgir terms of employment. Tho Trustees for 2021 Graham Morgan continues ÈS Chair and all other Tru8tee8 remain, whi¢h provldes stabilty and wntinuty. Th• Management Commlttoo for 2021 Judy Williams resumes the role of Chaii with Jenny Edginton and Susan Goo(le Irevappointed as sretary) as adive membgrs. All prewous and recentty resigned members no longer participate opart from Tim 8ulbck and Sally Stokes who will act as co-opted members when their particular expertlse woukl be useful. Plan8 for futuro pgrfod5 There is a nwl for maintenance and renovation of the OLrtside of the main building. We will be lod(ing to seek gre*èr use of the farm particularly during the wnter months and 8egking additional members of the management wmmittee lo rfrinvigorate ourse•5. I who are involved with the farm continue to appreciate il's worth particularty when we se& and hear how thg fami ks benefiting the children and families who altend. Page 6
DODFORD CHILDREN'S FARM TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Statèment of Trust8. respon81bllltl08 The Trustees a responsible for preparing the TTUStee¥' report and the financral slalements in accordance wtih applicable and United KiThJdom Accounting Standards {United Kingdom Generally Aepted Accounting Practice). The law aV¢8b[8 to charféi98 in England & Wales requlres the Tru81ees to pr8p8rn financial statents for each financial year which givé a true and fair vitrw of the slate of affairs of the charty and of its incoming tesourGgs and application of resourGe5. inGluding its inwme and expenditure, for that period. In Preparing these financial $tat8mgnts, the Trustge$ are requirod to: 8elert suitsble acwunting policies and then appty them consistently., ob$erve the methods and principles of the Charitie$ SORP {FRS 1021; make judgments and xGounling e$timates that are reasonable and pnjdent., State whether applicable UK AoUnting Standards {FRS 1021 have been followed. $ubject to any material departures disdosed and 8xplained in the financial stal8m8nls', prepar9 thg financial ststemonts on the gorng ¢on¢gm basis un19s511 is inappwpriate lo presume that the charity will continue in busines$. Tho Trustees are responsible for keeping adequate accounliny records th* arg sufficient to show 8nd expI8in the charitys traIa¢tn$ and disclose wlth reasonable accuracy at any time the finan(aal p081tion of the charity and 8nable them lo ensure that the financk41 Statements cornply wrth tho Charthes Act 2011, the Charity (Accounts and Reports} Regulation¥ 2008 and the provisions of the Trust deed. They are also Trsponsible for safeguarding th8 a$sels of the charty and han for tsking reasonabl8 steps for the PreVentn and detection of fraud and other irregularities. Approved members board and signed on their behatf by.. Trustees on Page 7
DODFORD CHILDREN'S FARM INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Independent Examlnotrs Roport to tha Trustees of l)odford Childr•n'$ Farni I'thfj ¢h•rtyl I report to thè tharty Trustees on my exèmination of the accounts ofthe tharty for year gnded 31 Decombgr 2021. Resp¢nslbllltl•s and Basls of Report As the Trusteos of tha charty you are responsible for the pparatIon of the accounts In accordance with the requirements of the Charities Act 2011 {'the 2011 Acr>. I report in respect of my ex8minat of the charitys accounts carried out under 8ectM 145 of the 2011 Aet and in corrying out my examination I have followed the applicable DIredn$ given by the Charity Commission under sect 145(51(bl of the 2011 Act. Independent Examlnerf¥ Statement Your attention is drawn to the fact that the tharity h98 prepared the accounts In gccordance with Accounting and Reporting by Charities,. Statement of Recommendod Practice applicable lo charilios preparing th[ accounts in accordonce vAth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Aecounling and Reportin9 by Charities.. Statement of Recommended Practice issued on 1 April 2005 which 1$ referred to in the extant regulations bul has been withdrawn. l understand that thi5 has been done in OTtJor for the account$ lo provKlo a true and fair view in accordance wrih the Generally ApIed Accounting Praclic& offe¢tive lor reporting periods beginning on or after 1 January 2015. I have completed my oxwnin*ion. l ¢onfimi that no mattors have me lo my attention in connecllon with the examination giving me cau$9 to believe that in any material respeci.. xcounling records were not kept in respocl of the charity as required by section 130 of the 2011 Act., or the aUnts do not xcord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of account5 $et out in the Chartties IA¢counts and Reports) Regulation5 2(108 other than any requirement that the accounts give a Irue and fairf view which is not a matt&r considered ay part of an independent examination. I have no concerns and have come across no other malt8rs In connection with the ex1n•ton to which attention should dravm in this report in order to enable a priyer understanding of the accounts to be reached. Signed.. Kerry Brcwn CROWE U.K. LLP Chartered Accountants Black Country House Rounds Gr88n Road Oldbury Wesl MidLqnds 869 2DG l/ve4 Datad.. 6 July 2022 FCA Page 8
DODFORD CHILDREN'S FARM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 Endowm•nt funds 2021 R•strictod funds 2021 Unmtrlctsd funds 2021 Total funds 2021 Total funds 2020 Income and endovmients from: Donations and legac Charitable xtivrtie$ Other trading athitses Investment$ 6.000 42,786 48.786 40,789 3,013 13, 718 6,837 4.181 5.936 4,181 Total Income and endowments 6,000 53,708 59,708 64,357 Expondlturo on: Raising funds Charrtable actwities 1,071 73,$57 1.071 73,657 71.442 Totsl exponditur• 74628 74.628 71.442 Net Incom&llaxpendlturel before n•t 110ss8sygain$ gn Investments Net Ilossesygains on investments 6,000 120.920} (14,920} (7,085) 110,532} (10.5321 7,495 Total transfern Net movement Sn funds 6.000 (31.462) (25,452) 410 RgconGiliation of funds: Total fvnds brought fomard Net ny)vement in funds 25,265 22,917 6,000 632.862 126A62 632,452 410 131A52 Total fund$ urri•d forward 26.266 28.917 563.228 607A10 632,862 The notos on pag68 11 to 25 fom) part of these financial statements. Page 9
DODFORD CHILDREN'S FARM BALANCE SHEET A8 AT 31 DECEMBER 2021 2021 2020 Note Flxod assets Intangible assets Tangible assets Inv85tmenls 12 13 14 673 389.356 214,828 399,675 219.424 604,856 619.997 Current ets Debtors Cash al bank and in hand 15 875 15.809 8.330 16,089 Creditors- amounts falling due Mthin one 16 15.7761 (3.224) Not current assets 12.865 Total assgts current Ilablllttes 607.410 632.862 Nèt a8s•ts ex¢ludlng pon¥ion asset 607,410 632.862 Total n•t assets 607,410 632,862 Charlty funds EnthA•mient fvnds Restrided funds Unrestrictgd funds 18 25,265 28.917 563.228 25,265 22,917 584,680 18 18 Total funds 607N10 632.862 The financial slql ments approve(l and aLFthorised for issue by the Tru81ees and sigr£d on their behdf by.. £7 Graham Moryan The notes on pages 11 to 25 form part of these financial statemenls. Pe10
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Gon•ral Infomiatl¢n 1.1 Legal Status of the charlty t)odford Children's Holiday Fam is a charity conslituted by a Deed of Tw$1 in England. whose registered office and primary place of business is W8rb8ge Lane, Dodford, Bromsgrove. Worcesl8rshire, 861 9BE. It has no Share capital. Ils prin¢ipal a¢tivities are to prowdg re$Klgntial holthys in the countryside to disadvantaged children. AccountSng pollcles 2.1 Basi$ of preparation of financial statsments The ffinan¢ial Statements have been prepared In a¢cordan¢e wilh the charit SORP (FRS 1021- Accounting and Rep)rting by Charrtlgs". Statement of Recommended Practice applicablg to charities preparing their lUnts in accordance wth the Financial Reporting Standard applicable in the UK and Republ of Ireland {FRS 102) (effective 1 January 20151. the FinancHI Reporting Slandard applica0 in the UK and Republ of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared to gtve a Irue and fail view arKI have departed from the Charities (Accounts and Reportsl Regulations 2008 On lo the extent requir8d to provKle 8 Irue and fairf view. This d8p8rture has invdved following the charit SORP {FRS 102) published on 16 ju 2014 rather than the Accounting and Reporting by Charities.. Stat8ment of Recommend Practic8 8ffoctiV8 from 1 April 2005 Nvhih has since been wthdrawn. Dodford Childron's Fann meets the definition of a public benefft entsty under FRS 102. Assets and liabilities are initi'81ty recognised at historical cost or transact value unless othe16e staled in the relevant arxounting policy. 2.2 Going ton¢•rn The trustees have considered the impact of Cowd 19, and with the full Ilffing of restrictions of the country from March 2022, the charty is in a good po8ftion to go fomard and has recentty opened up to vIsor8 for the 8ea80n. The trustees are making an effort to raise fijnds as the fami stsrts to open up for vi$iiors. The Trustees consider that the charity has sL1cnt unrestricted cash reseNes lo continue for at least the Mxt Iwelve months and that It is appropriats to prepare the xcounts on a goiro concem basis. 2.3 Fund accountlng Gener81 fund8 are unre8trKled funds whh are available for use at the dlsuelion of the Trustees in furtheran¢e of the general obl&tiVe8 of the charity and whkh have nol been d88ignatsd for other purposes. R•$trthd funds are funds 1¢h are to be used in accordance with spècific re51ridK)ns imposed by doncfs or ¥thich have beèn raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund 1$ set out in the n¢)tes to the financial statemen1$. Investment inccffle, gains and losses are allocated to the apprcpriate fund. Page11
DODFORD CHILDREIIS FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ountlng pollclos Icontlnuedl IA Inc¢Jm• l income is recognised once the charity ha8 entitMent lo the income. it is probable th the income will be receN8d and the amount of Inco recetvable can be measured llabty. Grants are included in the Statement of financial activitse8 on a receivable basis. The balance of income received for sp8c1r purposes but not expended during the per1j is $h)wn in the relevant funds on the Balance sheet. Where in¢ome r6 weived in advance of entitlement of receipt. ils recognition is deferred and induded in cred(tors as deforrgd int¢)me. Where entitlement occurs before income 1$ recewed, the incomg is accrued. 2.5 Expendlture Expendtture i¥ rewni6ed once there ts a legal or construdNe obligatffi lo transhr econixnic benefit to a third paty. it is probable that a transfer of economic benefits will be required in settlwnenl and the amount of th8 obligation can be measured reliably. Expenditure is classified by activity. The costs of each actiwty ore made up of the total of direct costs and shared co$ls. including support costs Invofved in undertaking each actiwty. Direct costs attributable lo a singlg artivty are allocated directly lo that acllvily. Shared costs which contribule to more than one actiwty and support costs which are not attributable lo a single adivrty are appOrt)ned bgtsva8n those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spen( and depreGiab'on ¢harge$ all¢xat8d on the portion of the asset's use. Expenditure on raising frjnds Sncludes dl expenditure irKurred by the chaity to raise funds for its charttable purposes and includes costs of all furKlrai$ing activrties evgnts and norKharitable Irading. Expenditure on charitable ¥tivrties 1$ incurred on diredly undertaking the activities whth further the charitys objectives. 88 well as any associatèd support costs. Support Costs are those costs IrUrd directly in support of expenditure on the objects of the charity. Govemance costs are th08e incurred in connect with adrrini$trion of the ctharity and compliarbce with constitutional and statutory requirements. Charitable activf(ies and Governance costs are costs incurred on the chaTtys educational opeTations. including 8UPPOrt Costs and costs relating to the govemance of the charrty apporth?ned to chaTilabk activities. 2.6 Intorart recelvabl• Interest on funds hdd on deposit 18 included when Teceivoble and tho omount can be measured reliably by the charity." this 18 normally upon notification of the interest paid or payable by the institution with whom the fvnds are deposited. 2.7 Intangible ass•ts •nd amorti$atlon Inlanglble assets costing £250 or m(Th are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured roliabty. Intanglble assets arg inilialy recogni$gd at C05t. After recognition, Uler the cosl model, intangible assets are measured at cost less any accumulated am08atIon and ary acujmulated ImpalmnI losses. Amortisaion is provided on intangblg assets at rates calculaigd to write off the cost each asset on a reducing balance basis over its exp useful life. Page 12
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles {¢ontlnu•dl 2.7 Intsngibh ass•ts and amortlsatlon Icontlnued} The e8timat&d u88ful liv83 are a8 follow8.' Amortis*ion 1$ provKled on the folknving basis.. Computer sothvare 25 % reducing bsknco 2.8 Tanglble flxed a880ts and depvKlatlon Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits arg probable and the cost or value of Ihe asset can be measured reliably. Tangible ftxed 8$5ets are inilialty recognised al cost. Aft•r reco3nition. under the cost model, tangible fixed asset$ ore measured at cost less accumulated depreckqlion and any accumulated impairnent k)ssas. All costs incurred lo bring a tangible fixgd asset into Its intended working condition should be included in the measurement of cost. Depreclallon is charged so as lo allocate the cost of tangIb flxod assets less their rgsidual value overtheir estimated usefvl lives, using both the 5traighl line and the reducing balance methods. Depreciation is provided on the following bases.. Freehold property Fixture5 and fittings 2% straight linè - 25% reducing balance 2.9 Invw¢ments Fixed asset investments are 8 fom) of financial instrument and are initialty recognised at thgir transaction cost and subsequentty Tnea$ured al fair lue at the BaL3nce sheet date, unl&ss the value cannot be measured reliabty in whkh case il is measured at cost 8$ impairment. Investment gain8 and losses, whether reali8ed or unrealised, are combined and pre8ented as 'Gainsl(Losses) on invostrnenl$' in the Slalement of financial activities. 2.10 Flnanclal Instrumenls Debtors Short temi debtors are mea8urad at transaction prke. less any #npairmenL Creditors Short ierm creditory are measured 81 transaction price Cash Cash is represgnted by cesh in hand and deposits with financial 1n8tlrtns repay8t4è without penalty on notice of not more than 24 hours. Thara ar8 no complex financial instrumgnts. 2.11 P8n$lt)ns The charity coerales a defined conlribLrtion pension scheme and the pension charge reprosents the amounts payable by the ehanty to the fund in respe¢l of the year. Page 13
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng polici•$ {contlnued 2.12 Role of voluntoers The charity rels on the efforts of it¥ volunteers. The value of thesè volunteers is not incc0rated vAlhln the accounts. Income from donations and l¢gacio1 RgstriGtgd Unrnstrlctod funds funds 2021 2021 Total funds 2021 Tolal lunds 2020 Grants Coronavirus job retention scheme Coronavirus grant 3,023 3.023 5,346 iO.LX Total grants 3.023 3,023 15,346 Donatn$ 39,763 45,763 25,443 Total 2021 6,0 42,788 48,786 40,789 Tolo12020 36. 789 40. 789 In¢ome from charitable actSviti98 Unrestrlct•d funds 2021 Total funds 2021 Tol81 funds 2020 Operlon of children's holiday fam- contributions 3,013 Total 2Q20 3,013 3,013 Page 14
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Income from oth•r trading a¢tivities Incom• f fundrnising ov•nts Unr•strictod funds 2021 Total funds 2021 Total funds 2020 Open day, raffles and other income 4.181 4,181 13,718 Total 2020 13, 718 13,718 Inv8slm•nl incom8 Unr•stricted funds 2021 Total lunds 2021 Total 2020 Intst r•¢•fvable 5.936 5,936 6,837 Totsl 2020 6.837 6,837 Exp•ndlfvrn on ralslng funds Costs of ralslng voluntary Income Unrnstrlcted funds 2021 Tot•1 fund$ 2021 fvnds 2020 Wine Evenlng 1,071 1,071 Page 15
DODFORD CHILDREPIS FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2021 Analysis of expendilur• by actlvltles Adlyities und•rtak•n dlrectly 2021 Support cost8 2021 Total lunds 2021 Total funds 2020 OperatKJn of chikjren's holiday fami - contribubons Staff costs Househobj oxpenses Animal cost$ 38,532 38.832 30263 1,315 3A67 34,266 29.972 2.010 5, 194 30.253 1,315 3,457 35.025 38,532 73.657 71.442 Total 2020 37,176 34,266 71,442 Analy*is of dlrect costs Housghold expenses Animal costs 2021 2021 Total funds 2020 staff Costs 2021 funds 2021 Wages and $alari88 Household expensos Cleaninglfubbi8h removal Animal expenses Training Advertising 30,253 30.253 715 204 29,972 642 1.354 5.194 14 715 204 3.457 3,457 276 120 276 120 Totsl 2021 30,253 1,315 3,457 36,026 37,176 Total 2020 29,972 2,010 5, 194 37.176 Page 18
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Analy$ls of expend5tUTe by activities Icontinued) Analysls of support costs Op•ratlon of chlldren's hollday fam 2021 Tolal funds 2021 Total funds 2020 Dèpreciation Heat and light Rates Printing, statiOry, postage and advertising Repairs and renewals Tdephone and motor expenses Sundries Insurance Independent examination fees Bank charg8S AmortIsaln 14,545 5,359 4,388 14,645 5.359 4,388 14.402 3.279 8.896 656 8,896 5,931 1.893 105 2,664 1,638 66 299 1,991 2,376 96 225 1.991 2.376 96 220 Total 2021 38,532 38.632 34,266 To1812020 34,266 34.266 Tru$t•es' r•mun•rntlon and expenses During the year, no Trustges received any reMuraon or other b8nefrt8 (2020- £NIL). During the year ènded 31 December 2021, no Trustee expenses have been incurred (2020- £NIL). 10. Ind•p•nd•nt ex•min•Vs remuneratlon The independent examinerfs remuneration amoun18 to an independent ox4mingr fee of £2,37612020- £1, 638). P4e 17
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 11. Stsff costs 2021 2020 W4es and salaries Social sewrily costs ContribUtn to defined contribut pension schemes 28,336 696 1,222 29.395 577 30.253 29.9T2 The average number of PgTSons employed by charity during the year w8$ 88 follows.. 2021 No. 2020 No. No employee received remunaration amounting to mre than £60,000 in either year. The key managament personnel of the charity 15 the manager and the management oommillee. The total remuneration paid lo tha key management pers¢nnd was £20,902 (2Q20.. £19.817). 12. Intanglble a$Gots Webslte development Cost At 1 January 2021 3N67 At 31 December 2021 Amortlsatlon Al 1 January 2021 Charge for the year 2.569 225 At 31 December 2021 2,794 Not book val Al 31 D¢¢ember 2021 673 At 31 D8c8mt*f 2020 Page18
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 13. Tangible fix•d as$•ts Fro8hold Fixlurns and prop•rty fittings Totsl Co¥t or vUtIon At 1 January 2021 Additions S37,291 137,381 4225 874,672 4,225 At 31 December 2021 637.291 141.606 678.897 Oepreclatlon Al 1 January 2021 Charge for the year 148,585 10,746 126A12 3,799 274.997 14.545 At 31 December 2021 159,331 130211 289.542 Nèt bookvalue At 310ecember 2021 377,960 11,395 389,35S At 31 De¢ember2020 388, 706 10,969 399,675 Page 19
I)ODFORD CHILOREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2021 14. Foxed assot Invéstmonts Ustgd Unlist•d InvMtm8nts invgstm•nts Total Cost or valu•tion At 1 January 2021 Revaluations Amounts written off 219,370 {10,532) 64 219.424 (10,5321 6,936 6.936 At 31 December 2021 208.838 5,990 214,828 Ngt book value At 31 December 2021 208,838 6,990 214,828 At 31 Decemb&r2020 219,370 219.424 The histor $1 ofthe quotod invastments was £237,816 (2020.. £237,816J. 15. Debtors 2021 2020 Due withln one year Prgpawnents and accrued income 875 875 Page 20
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2Q21 16. Cr•dltors: Amounts falling du• within on• yr X121 2020 Trade Creditors other laxalion and social $8curity Other creditors Accrual$ and deferred inccthe 702 4,174 2.522 5.776 3,224 17. Flnanclal Instruments 2021 2020 Financl*l agsets Financial assets measured at amrtiled cost 13846 75,809 2021 2020 Flnancial liabiliti•$ Finandal liabilrti88 mea8urad at amortisod cost 5.776 3.244 Financial assets measured at amortised cost comprises ca$h al bank. Flnandal liobiliti&s m8asur8d at amortIs cost comprises other taxation and social vritY and accruols. The total investrnent income for finanryal a$sots m8asurad al fair valu8 through incc4ne and expenditure are £5.936 f2trdO.' £6.837). Th8 nel 1088es on ffianGial assets measured * fair value through income arKI expendiiure are £10,352 (2020.. 9&n £7.495). Page21
DODFORD CHILDREN'8 FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 18. Ststement of funds Statement of funds- current y•ar Balan¢e at 31 December 2021 Balanc• at 1 January 2021 In¢ome Galnsl Expendlture (LoswJl Unrestrlctod funds General Funds - all fvnd8 584,680 53.708 174,8281 {10.532) $53.228 Endowment fund$ Dr D. M. Beaumont- Bequ88t 2S,265 25,265 Restrlctod funds Playroom fund Bathroom fund Fencing fund Toy8 fund Forest School Building rep8ir8 OUtdr Adventurè frjnd Sewers and drain fvnd Kitchen equipment Wet room CCTV Home comforts Farmhouse 4.729 4.510 4,729 4,510 150 3.036 932 2,873 1,000 2,480 1,030 181 3,036 932 2,873 2,480 1,030 7.000 22,917 6.000 28,917 Total of funds 632,862 69.708 174,6281 110.5321 607.410 Page 22
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 18. Statement of funds l¢ontinuodl stal•m•nt of fund8- prlor year 88lancfj at 1 January 2020 B81ance 81 31 D8C8mbgr 2020 Gwn (Losses) Incon Expendituf Unr•strfct•d funds General Funds- all funds 581, 102 60,357 (68,299) 4.025 7,495 584,680 Endowment funds DrD.M. Beaumont- Bequ8st 25.265 25,265 Rostrfctod funds Playroom fund Bathroom fund Fencing fiJrKI Toys fund Fore8t School Buildlng repair8 Outdoor Adventurg fund Sewers and drain fund Krtchen equipment Wet TM CT Hom& comfort$ Fam)hou$e 4. 729 4,510 842 156 148 6.985 4,729 4.510 156 148 3,036 (2,924) 932 932 2.873 2,873 2,480 1,030 400 2,480 (219) 781 26,085 (3, 143) 22,917 Total of funds 632.452 64.357 (71,442) 4.025 7.495 632.862 Page 23
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 19. Summary offunds Summary of funds- current year Balance at 31 Decembor 2021 Balance at 1 Jan 2021 Gainsl Expendllure (Loss•¥l Inrn• General funds Endonent lunds Restricted fvnds 684,880 25.265 22.917 53,708 174,6281 (10.6321 553,228 25.265 28.917 8,000 632,862 59,708 174,6281 110,532) 607,410 Summary of funds- prlor year 8818ncg 8t 31 Dgc8mber 2020 BalaTr at l Jan 2020 Tr8nsf8rs Gain fLossosJ Income Exp8nthtum General fund5 End¢)wmenl fund8 Restricted fund8 581.102 60,357 (68,299) 4,025 7,495 584.680 25,265 26,085 25,265 22,91T (3. 143) 632,452 64,357 {71,442J 4.025 7,495 632,862 R•strictod Fund* Flxod Assets This fund represents the fixed assets used for charitable purposes. Toys Fund This fund has been designated by the Tru8tees to be used Page 24
DODFORD CHILDREN'S FARM NOTES TO TPIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2021 An•ly$is of net assets botween funds Analysis of net assets betwe•n funds- Gurrgnt year Endovmiont Rostricted Unrnstrictfjd fund$ funds funds 2021 2021 2021 Total funds 2021 Tangible fixed assets Intangible fixed as50ts Fixed asset investsnents Current assets Creditors duè within one year 13.103 376,2S2 673 189.893 17,814) 15.776) 389,3SS 673 214.828 8,330 (8,776) 12,162 12.773 16.144 Total 25.265 28,917 553,228 607,410 Analysls of not assots b•two•n funds - prfor year Endowmonl Restricted UnApsthGlgd funds lunds fvnd$ 2020 2020 2020 T¢1 funds 20 Tangible fixed assets Intangible fixed assets Fixed asset invesknents Current os$ets Creditors due within year 13. 103 386,572 898 194.489 5,945 (3,224) 399,675 12, 162 12, 773 10. 144 219,424 16.089 (3.224) Total 2S265 22.917 584,680 632.862 Pen8lon commltmènts The ¢harity operates a defined GonlribLrtion pension sGheme. The assets of the Bch8mé arg 1 separatety from those of tho group in an indap9ndendy admini$lgred fund. The pension cost charge represents contributions payable by the charity lo the fund and amounted to £1.222 (2020.. £577) were payable to the fund at the balance sh•et de and are included in creditors. Page 25